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Europe Eyes US Jet Fuel to Avert Looming Aviation Shortages
business20 days ago

Europe Eyes US Jet Fuel to Avert Looming Aviation Shortages

European airlines may use US-made Jet A or Jet A-1 to ease possible shortages as Gulf supplies fall due to the Middle East conflict; IATA is urging broader acceptance of US-grade Jet A-1, while EASA has issued safety guidance noting Jet A could be introduced in Europe with proper management, though risks include grade mixing and inconsistent availability. US refineries’ capacity to produce Jet A-1 is a limiting factor, but increases in US shipments are helping; industry groups like IAG say there are no current shortages but warn the situation could worsen if the conflict continues.

via BBC|
#business#easa#iata
Jet-fuel crunch could upend summer travel and push fares higher
business1 month ago

Jet-fuel crunch could upend summer travel and push fares higher

A looming jet-fuel shortage in Europe and Asia, driven by the Iran conflict and the closure of the Strait of Hormuz, could trigger flight cancellations and 5–10% higher airfares this summer as airlines reroute, reduce schedules, and pass higher fuel costs to travellers; the IEA warns Europe has about six weeks of jet fuel left, prices have surged, and carriers are already adjusting by cutting flights and raising surcharges.

via Euronews.com|
#airlines#business#fuel-prices
Airlines Project $1 Trillion Revenue Amid Record Passenger Surge by 2025
business1 year ago

Airlines Project $1 Trillion Revenue Amid Record Passenger Surge by 2025

The global airline industry is projected to surpass $1 trillion in revenue next year, driven by a record 5 billion passengers, according to the International Air Transport Association (IATA). Despite this growth, net profitability remains slim at $36.6 billion, hindered by supply chain issues and geopolitical conflicts affecting costs and routes. Middle East airlines are expected to lead in profit per passenger, while sustainability efforts face challenges, particularly with potential policy changes in the U.S. Alaska Air Group plans new routes to Tokyo and Seoul, aiming for significant profit growth by 2027.

via CNN|
#airlines#business#iata
Airlines Boost 2024 Profit Outlook Amid Soaring Travel Demand
business2 years ago

Airlines Boost 2024 Profit Outlook Amid Soaring Travel Demand

The International Air Transport Association (IATA) forecasts record revenue of $996 billion for the airline industry in 2024, driven by a surge in travel and air cargo demand. Despite this, profit margins remain thin due to soaring expenses, with net profits expected at $30.5 billion. IATA highlights the need for addressing supply chain issues and regulatory burdens to improve profitability and sustainability efforts.

via CNBC|
#airlines#business#iata
Airlines Boost Profit Forecast for 2024 Amid Rising Travel Demand
business2 years ago

Airlines Boost Profit Forecast for 2024 Amid Rising Travel Demand

Global airlines have raised their 2024 profit forecast to nearly $1 trillion in revenue, driven by a surge in travel demand. The International Air Transport Association (IATA) projects a $30.5 billion profit for 2023, up from $27.4 billion, despite supply chain disruptions and maintenance issues. Passenger yields are expected to rise by 3.2%, while cargo yields are set to decline by 17.5%. North America remains the most profitable region, and Asia's profit forecast has significantly improved. However, the industry's profit margins remain thin at just over 3%.

via Yahoo Finance|
#airlines#business#iata
aviation3 years ago

IATA Chief Criticizes Schiphol and Boosts Profit Outlook for Airlines.

IATA Director General Willie Walsh criticized industry stakeholders, including OEMs, airports, air traffic management providers, and oil suppliers, for failing to deliver or hiking fees. He specifically called out Schiphol Airport for continuing to raise charges despite operational disasters and South African airports and air traffic control for demanding significant hikes. Walsh also criticized governments for not acting globally on industry standards and regulations. Despite the challenges, a recent IATA survey showed that 96% of passengers were satisfied with their last trip and 77% said air travel was good value for money.

via Aviation Week|
#airlines#airports#aviation
Airline Industry Sees Spike in Unruly Passenger Behavior Fueled by Vaping.
travel3 years ago

Airline Industry Sees Spike in Unruly Passenger Behavior Fueled by Vaping.

Unruly passenger incidents on planes have increased by 37% year on year, with non-compliance, verbal abuse, and intoxication being the most common types of incidents, according to a global analysis by the International Air Transport Association (IATA). Smoking of cigarettes, e-cigarettes, vapes, and “puff devices” in the cabin or lavatories was the No.1 non-compliance issue highlighted by the IATA. The aviation body is calling for a zero-tolerance approach to unruly behavior and wants more countries to ratify Montreal Protocol 2014, which allows for the prosecution of these transgressive passengers.

via CNN|
#air-travel#aviation-industry#iata
Airline profits soar despite economic challenges.
business3 years ago

Airline profits soar despite economic challenges.

The International Air Transport Association (IATA) has forecasted that global airlines will make nearly $10 billion in profit this year, more than double its previous forecast for 2023. The industry's main lobby group expects 4.35 billion people to travel by air this year, not far off the 4.54 billion passengers who flew in 2019. Stronger profitability was supported by cargo revenues, China's reopening, and lower jet fuel prices. Despite economic uncertainties, people are flying to reconnect, explore, and do business, said IATA's director general Willie Walsh. Profit margins remain "wafer thin," however, and repairing damaged balance sheets will continue to be a challenge for many airlines.

via CNN|
#airlines#business#iata